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Want to make money? Invest like Norway's wealth fund, says author Bomsdorf

His book, "How to Become Rich Like Norway: Easy Tips on How to Build a Fortune", is out in Germany this week with translations into English and Norwegian planned

Reuters  |  Oslo 

Norway's sovereign wealth fund has lessons for retail investors according to a book out this week: Think long-term, don't sell when stocks markets go down and be mindful of your home biases. The fund invests revenues from the Nordic country's oil and gas production in stocks, bonds and property. Set up as a sovereign wealth fund in 1998, after a first cash injection in 1996 of 1.98 billion crowns ($255 million), the fund has grown into the world's largest and is now worth $1 trillion, or $197,000 for every Norwegian man, woman and child. For Clemens Bomsdorf, ...

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First Published: Fri, April 13 2018. 17:09 IST